Question

Advanced Acc
Advanced A
1. When the lessor receives payment, the credits
(i) Lessee account
(ii) Royalty account
(iii) Short workings account.​

Answer 1

Answer:

When the lessor receives payment, the credits

(i) Lessee account

Explanation:

The definition of Lessee Account is found in Section 5.2.2. The definition of "Lessor" is found in the first sentence of this Agreement. The definition of "Letter of Credit" is found in Section 5.1.8.

When referring to a person, the term "lien" refers to any interest in real or personal property, assets, or other rights that person holds, owns, is purchasing or acquiring and which secures the payment or performance of any obligation.

This includes any mortgage, lien, pledge, encumbrance, charge, retained security title of a conditional vendor or lessor, or other security interest of any kind, whether arising under a security agreement, mortgage, lease, deed of trust, or other legal

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